Compensatory Time Option definition

Compensatory Time Option. Except as described in the following two paragraphs for employees who actually work on a holiday, compensatory time off in lieu of cash may be granted at the employer's option if the employee so requests. Paragraphs 7(b), (c), (d), & (e) below do not apply to employees in Overtime Categories 13 & 18.
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Compensatory Time Option. Except as described i n t he f ollowing t wo par agraphs for em ployees who actually work on a holiday, compensatory time off in lieu of cash may be granted at the employer's option if the employee so requests. Paragraphs 7(b), (c), (d), & (e) below do not apply to employees in Overtime Categories 13 & 18.
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Examples of Compensatory Time Option in a sentence

  • Compensatory Time Option: Except as described in the following two paragraphs for employees who actually work on a holiday, compensatory time off in lieu of cash may be granted at the employer’s option if the employee so requests.

  • Procedure 621.3 Compensatory Time Option Covered eligible employees may request Oovertime compensation may be in the form of compensatory time off at the rate of one and one half hours for every hour worked over forty (40) hours or compensation at the rate of one and one half times the regular rate of pay for all overtime hours.

Related to Compensatory Time Option

  • Vested Company Option means each Company Option outstanding as of immediately prior to the Effective Time that is vested as of immediately prior to the Effective Time or will vest solely as a result of the consummation of the Merger.

  • Compensatory Time means time off with pay for authorized overtime worked in lieu of salary or wages, calculated in accordance with Article 22 of this Contract.

  • 3(i) Option means an Option granted pursuant to Section 3(i) of the Ordinance to any person who is Non- Employee.

  • Employee Option means an Option granted pursuant to Section 5.

  • Top-Up Option has the meaning set forth in Section 1.04(a).

  • Unvested Company Option means any Company Option that is not a Vested Company Option.

  • Non-Tandem Stock Appreciation Right means the right to receive an amount in cash and/or stock equal to the difference between (x) the Fair Market Value of a share of Common Stock on the date such right is exercised, and (y) the aggregate exercise price of such right, otherwise than on surrender of a Stock Option.

  • Vested Options means the Options that have vested in accordance with Section 2.2 of this Agreement.

  • Director Option means an Option granted pursuant to Section 6.

  • Company Stock Option means any option to purchase one or more shares of the Company’s Common Stock granted under any of the Company Stock Plans.

  • Company Option means an option to purchase shares of Company Common Stock granted under the Company Incentive Plan.

  • Compensatory time off means authorized time off earned by or awarded to an employee to compensate in whole or in part for time worked in excess of the minimum work time required of that employee as a condition of his or her employment.

  • Company Stock Option Plans shall have the meaning set forth in Section 3.07(a).

  • Vested Option means any Option, which has already been vested according to the Vesting Dates.

  • Company Stock Options shall have the meaning given to such term in Section 3.3(a) hereof.

  • Incentive Share Option means an Option that is intended to meet the requirements of Section 422 of the Code or any successor provision thereto.

  • Parent Option means any option to purchase Parent Common Stock which was granted pursuant to a Parent Option Plan.

  • Company Equity Awards means the Company RSU Awards and the Company PSU Awards.

  • INDEPENDENT STOCK APPRECIATION RIGHT or "INDEPENDENT RIGHT" means a right granted pursuant to subsection 8(b)(3) of the Plan.

  • CONCURRENT STOCK APPRECIATION RIGHT or "CONCURRENT RIGHT" means a right granted pursuant to subsection 8(b)(2) of the Plan.

  • Noncompensatory Option has the meaning set forth in Treasury Regulation Section 1.721-2(f).

  • Shoe Option means the Initial Purchasers’ option to purchase up to seventy five million dollars ($75,000,000) aggregate principal amount of additional Notes as provided for in the Purchase Agreement.

  • Company Stock Option Plan means each share option plan, share award plan, share appreciation right plan, phantom share plan, share option, other equity or equity-based compensation plan, equity or other equity based award to any employee, whether payable in cash, shares or otherwise (to the extent not issued pursuant to any of the foregoing plans), or other plan or contract of any nature with any employee pursuant to which any share, option, warrant or other right to purchase or acquire shares of the Company or right to payment based on the value of Company shares has been granted or otherwise issued.

  • Reload Option means any Option granted under Section 6(a)(iv) of the Plan.

  • Tandem Stock Appreciation Right means the right to surrender to the Company all (or a portion) of a Stock Option in exchange for an amount in cash and/or stock equal to the difference between (i) the Fair Market Value on the date such Stock Option (or such portion thereof) is surrendered, of the Common Stock covered by such Stock Option (or such portion thereof), and (ii) the aggregate exercise price of such Stock Option (or such portion thereof).

  • Company Equity Award means a Company Stock Option or a Company Restricted Share granted under one of the Company Stock Plans, as the case may be.